Date: May 22, 2023

Time: 3:00-4:00 p.m. PT

Reason: Standard monthly meeting

Attendance:
Matt Hougan (Chair), Hunter Horsley (Member), Hong Kim (Member), Katherine Dowling (Observer), Gayatri Choudhury (Observer), Mallika Kolar (Observer), Ryan Rasmussen (Observer), and Satyajeet Pal (Observer)

Meeting Notes

1: Welcome and Attendance

All members of the Committee were present at the meeting.

2: Review and Verify All Data Sources for Uptime, Accuracy, and Robustness

The Bitwise Engineering team confirmed that all data sources were working as expected with regard to uptime, accuracy, and robustness.

3: Review and Approve Any Proposed Changes to the Bitwise Crypto Index Methodology

There were no proposed changes to the Bitwise Crypto Index Methodology that required judgment, nor were there any upcoming proposed changes.

4: Review and Approve All Methodological Decisions That Require Judgment

There were no recent methodological implementation decisions that required judgment, nor were there any upcoming decisions to note.

5: Developments Impacting the Market and/or Individual Bitwise Crypto Index Constituents

The Committee discussed a large number of developments impacting the market and/or individual Bitwise Crypto Index constituents, including the launch of Curve Finance’s CrvUSD stablecoin; Bittrex filing for bankruptcy in the U.S.; Bakkt’s delisting of 25 tokens offered via Apex Crypto; Ethereum’s consensus issue related to finality; the SEC’s response to Coinbase’s complaint for regulatory clarity; and the letter sent from the SEC to Grayscale stating that Filecoin (FIL) is a security, among other topics.

6: Review Expected Changes to Bitwise Indexes

The Committee reviewed the expected changes to the Bitwise Crypto Indexes, and determined that the reconstitution process is running appropriately.

7: Adjournment

The Chair adjourned the meeting.